VanEck Vectors Steel ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
VanEck Vectors Steel Index Fund seeks investment results that correspond to the price and yield of the Amex Steel Index. |
Category | Global Equities |
Fund Sponsor | Van Eck Associates Corp |
Website | www.vaneck.com |
Inception date | Oct 10, 2006 |
Assets (mns) | $81 |
Currency | USD |
Expense ratio | 56 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | Bank of New York Mellon |
Weighting | Market Cap |
Index replication | Optimized |
Uses derivatives | No |
Options available | Yes |
No. of constituents | 24 |
Wgt avg mkt cap (mns) | $17,692 |
Large cap (>$10bn) | 23.9% |
Mid cap ($2-10bn) | 55.0% |
Small cap (<$2bn) | 5.2% |
Developed mkts | 69.4% |
Emerging mkts | 30.6% |
RIO TINTO PLC-SPON ADR | 15.2 % |
VALE SA-SP ADR | 14.3 % |
ARCELORMITTAL SA ADR | 7.3 % |
POSCO-ADR | 6.6 % |
CLEVELAND-CLIFFS INC | 5.2 % |
NUCOR CORP | 5.1 % |
STERLITE INDUSTRIES INDI-ADR | 5.0 % |
CIA SIDERURGICA NACL-SP ADR | 4.6 % |
RELIANCE STEEL & ALUMINUM | 4.6 % |
STEEL DYNAMICS INC | 4.5 % | Total | 72.4 % |
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UNITED STATES | 34.5 % |
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BRAZIL | 23.0 % |
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LUXEMBOURG | 15.6 % |
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BRITAIN | 15.2 % |
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SOUTH KOREA | 6.6 % |
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INDIA | 5.0 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
20.6% | 20.6% | 21.4% | -1.9% | 2.8% |
versus... | Beta | R-squared |
S&P500 | 1.36 | 62% |
MSCI EAFE | 1.55 | 79% |
MSCI Emg. Mkts. | 1.28 | 69% |
Recent close | $46.95 |
30d moving avg. | $46.45 |
Annualized volatility | 32.6% |
Short interest (ETF) | 2.3% |
Short interest (Underlying) | 4.9% |
Relative strength (RSI) | 56 |
Avg. volume (thou.) | 41 |
Turnover | 2.4% |
Bid/Ask (% of price) | 0.14% |
ADV underlying (mns) | $1,026 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the VanEck Vectors Steel ETF ETF based on the alternatives' overlap in portfolio holdings with SLX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | SLX | Expense: | 56 bp | ALTAR Score™: | 9.8% |
Ticker | Fund Name |
Overlap1 vs SLX (%) |
Expense ratio (bp) |
Savings vs SLX (bp) |
ALTAR Score™ (%) |
ALTAR vs SLX (%) |
XME | SPDR S&P Metals & Mining ETF | 29.6 | 35 | 21 | 5.1 | -4.7 |
ILF | iShares Latin America 40 ETF | 14.7 | 48 | 8 | 5.4 | -4.5 |
FXZ | First Trust Materials AlphaDEX Fund | 12.8 | 65 | -9 | 5.7 | -4.1 |
AMER | Emles Made in America ETF | 10.8 | 49 | 7 | 6.8 | -3.0 |
FTRI | First Trust Indxx Global Natural Resources Income ETF | 10.6 | 70 | -14 | 7.5 | -2.3 |
PAVE | Global X U.S. Infrastructure Development ETF | 9.6 | 47 | 9 | 4.2 | -5.7 |
PSCM | Invesco S&P SmallCap Materials ETF | 9.6 | 29 | 27 | 6.8 | -3.1 |
PYZ | Invesco DWA Basic Materials Momentum ETF | 9.6 | 60 | -4 | 4.2 | -5.7 |
AADR | AdvisorShares Dorsey Wright ADR ETF | 9.0 | 110 | -54 | 3.5 | -6.3 |
IFRA | iShares U.S. Infrastructure ETF | 7.9 | 40 | 16 | 5.0 | -4.9 |
XMVM | Invesco S&P MidCap Value with Momentum ETF | 6.6 | 39 | 17 | 8.0 | -1.8 |
FCPI | Fidelity Stocks for Inflation ETF | 6.0 | 29 | 27 | 5.7 | -4.1 |
PICK | iShares MSCI Global Metals & Mining Producers ETF | 5.5 | 39 | 17 | 5.4 | -4.5 |
VAW | Vanguard Materials Index Fund | 5.2 | 10 | 46 | 5.0 | -4.9 |
FOVL | iShares Focused Value Factor ETF | 5.1 | 25 | 31 | 7.7 | -2.1 |
JHMA | John Hancock Multifactor Materials ETF | 5.1 | 40 | 16 | 5.3 | -4.5 |
COPX | Global X Copper Miners ETF | 5.0 | 65 | -9 | 4.0 | -5.8 |
FMAT | Fidelity MSCI Materials Index ETF | 5.0 | 8 | 48 | 5.0 | -4.9 |
IYM | iShares U.S. Basic Materials ETF | 4.7 | 43 | 13 | 4.4 | -5.4 |
GNR | SPDR S&P Global Natural Resources ETF | 4.4 | 40 | 16 | 5.1 | -4.7 |
ICOW | Pacer Developed Markets International Cash Cows 100 ETF | 4.4 | 65 | -9 | 10.0 | +0.1 |
XMHQ | Invesco S&P MidCap Quality ETF | 4.2 | 25 | 31 | 5.3 | -4.5 |
OIH | VanEck Vectors Oil Services ETF | 4.2 | 35 | 21 | -0.2 | -10.0 |
ADRE | Invesco BLDRS Emerging Markets 50 ADR Index Fund | 4.1 | 30 | 26 | 4.0 | -5.8 |
ECOW | Pacer Emerging Markets Cash Cows 100 ETF | 4.0 | 74 | -18 | 9.7 | -0.1 |
SYLD | Cambria Shareholder Yield ETF | 3.7 | 59 | -3 | 7.1 | -2.7 |
RFV | Invesco S&P Midcap 400 Pure Value ETF | 3.5 | 35 | 21 | 8.9 | -0.9 |
BICK | First Trust BICK Index Fund | 3.4 | 64 | -8 | 3.2 | -6.7 |
MXI | iShares Global Materials ETF | 3.3 | 45 | 11 | 4.9 | -4.9 |
RTM | Invesco S&P 500 Equal Weight Materials ETF | 3.2 | 40 | 16 | 4.7 | -5.1 |
CSB | VictoryShares US Small Cap High Dividend Volatility Wtd Idx | 3.1 | 35 | 21 | 7.2 | -2.6 |
AFMC | First Trust Active Factor Mid Cap ETF | 2.9 | 65 | -9 | 5.2 | -4.6 |
RWK | Invesco S&P MidCap 400 Revenue ETF | 2.7 | 39 | 17 | 6.3 | -3.5 |
ESGS | Columbia Sustainable U.S. Equity Income ETF | 2.6 | 35 | 21 | 7.4 | -2.4 |
SVAL | iShares US Small Cap Value Factor ETF | 2.6 | 20 | 36 | 8.3 | -1.6 |
FNI | First Trust Chindia ETF | 2.5 | 60 | -4 | 2.4 | -7.5 |
HAP | VanEck Vectors Natural Resources ETF | 2.3 | 50 | 6 | 4.8 | -5.0 |
EDOG | ALPS Emerging Sector Dividend Dogs ETF | 2.3 | 60 | -4 | 8.7 | -1.1 |
VRAI | Virtus Real Asset Income ETF | 2.3 | 55 | 1 | 8.8 | -1.1 |
JKL | iShares Morningstar Small Cap Value ETF | 2.2 | 30 | 26 | 7.6 | -2.3 |
IJJ | iShares S&P Mid-Cap 400 Value ETF | 2.2 | 18 | 38 | 6.9 | -2.9 |
MDYV | SPDR S&P 400 Mid Cap Value ETF | 2.2 | 15 | 41 | 6.9 | -2.9 |
NIFE | Direxion Fallen Knives ETF | 2.2 | 50 | 6 | 4.2 | -5.7 |
GCOW | Pacer Global High Dividend ETF | 2.1 | 60 | -4 | 9.9 | +0.0 |
RDVY | First Trust Rising Dividend Achievers ETF | 2.1 | 50 | 6 | 6.4 | -3.4 |
SLYG | SPDR S&P 600 Small Cap Growth ETF | 2.1 | 15 | 41 | 4.4 | -5.4 |
IJT | iShares S&P Small-Cap 600 Growth ETF | 2.1 | 18 | 38 | 4.4 | -5.5 |
TPHD | Timothy Plan High Dividend Stock ETF | 2.0 | 52 | 4 | 5.6 | -4.3 |
RZV | Invesco S&P Smallcap 600 Pure Value ETF | 2.0 | 35 | 21 | 6.9 | -2.9 |
XSHQ | Invesco S&P SmallCap Quality ETF | 2.0 | 29 | 27 | 5.3 | -4.5 |
SMLF | iShares Edge MSCI Multifactor USA Small-Cap ETF | 2.0 | 30 | 26 | 6.0 | -3.8 |
IWN | iShares Russell 2000 Value ETF | 2.0 | 24 | 32 | 5.1 | -4.8 |
XLB | Materials Select Sector SPDR Fund | 1.9 | 13 | 43 | 4.8 | -5.1 |
EQRR | ProShares Equities for Rising Rates ETF | 1.9 | 35 | 21 | 6.2 | -3.7 |
VUSE | Vident Core US Equity Fund | 1.9 | 48 | 8 | 7.3 | -2.5 |
PSCI | Invesco S&P SmallCap Industrials ETF | 1.9 | 29 | 27 | 5.0 | -4.9 |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 1.9 | 60 | -4 | 6.1 | -3.7 |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 1.9 | 15 | 41 | 7.0 | -2.8 |
ROSC | Hartford Multifactor Small Cap ETF | 1.8 | 34 | 22 | 6.5 | -3.3 |
CVY | Invesco Zacks Multi-Asset Income ETF | 1.8 | 94 | -38 | 8.2 | -1.6 |
ONEY | SPDR Russell 1000 Yield Focus ETF | 1.8 | 20 | 36 | 7.2 | -2.7 |
RNSC | Small Cap US Equity Select ETF | 1.8 | 60 | -4 | 6.0 | -3.8 |
IUSS | Invesco Strategic US Small Company ETF | 1.8 | 23 | 33 | 3.7 | -6.2 |
VAMO | Cambria Value & Momentum ETF | 1.8 | 63 | -7 | 5.4 | -4.4 |
USVM | VictoryShares USAA MSCI USA Small Cap Value Momentum ETF | 1.7 | 24 | 32 | 4.9 | -4.9 |
ISMD | Inspire Small/Mid Cap Impact ETF | 1.7 | 60 | -4 | 4.3 | -5.5 |
SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 1.7 | 30 | 26 | 8.1 | -1.7 |
VTWV | Vanguard Russell 2000 Value Index Fund | 1.7 | 15 | 41 | 5.2 | -4.6 |
SPSM | SPDR Portfolio Small Cap ETF | 1.7 | 5 | 51 | 5.7 | -4.1 |
SLY | SPDR S&P 600 Small Cap ETF | 1.7 | 15 | 41 | 5.6 | -4.2 |
JDIV | JPMorgan U.S. Dividend ETF | 1.7 | 12 | 44 | 6.7 | -3.1 |
DRIV | Global X Autonomous & Electric Vehicles ETF | 1.7 | 68 | -12 | 3.9 | -5.9 |
VIOO | Vanguard S&P Small-Cap 600 ETF | 1.7 | 10 | 46 | 5.6 | -4.3 |
IJR | iShares Core S&P Small Cap ETF | 1.6 | 6 | 50 | 5.7 | -4.2 |
CZA | Invesco Zacks Mid-Cap ETF | 1.6 | 69 | -13 | 5.6 | -4.3 |
XJR | iShares ESG Screened S&P Small-Cap ETF | 1.6 | 12 | 44 | 5.8 | -4.0 |
FNDA | Schwab Fundamental U.S. Small Co. Index ETF | 1.6 | 25 | 31 | 4.8 | -5.0 |
RWJ | Invesco S&P SmallCap 600 Revenue ETF | 1.6 | 39 | 17 | 5.5 | -4.4 |
VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 1.6 | 16 | 40 | 4.3 | -5.5 |
NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 1.6 | 35 | 21 | 5.7 | -4.1 |
KNG | Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF | 1.6 | 75 | -19 | 5.3 | -4.6 |
DON | WisdomTree U.S. MidCap Dividend Fund | 1.5 | 38 | 18 | 6.7 | -3.1 |
PY | Principal Shareholder Yield Index ETF | 1.5 | 15 | 41 | 7.8 | -2.1 |
TPSC | Timothy Plan US Small Cap Core ETF | 1.5 | 52 | 4 | 5.7 | -4.1 |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 1.5 | 29 | 27 | 4.2 | -5.6 |
AFSM | First Trust Active Factor Small Cap ETF | 1.5 | 77 | -21 | 4.3 | -5.5 |
CSF | VictoryShares US Discovery Enhanced Volatility Weighted Idx | 1.5 | 35 | 21 | 6.0 | -3.8 |
CSA | VictoryShares US Small Cap Volatility Weighted Index ETF | 1.5 | 35 | 21 | 6.0 | -3.8 |
HAIL | SPDR S&P Kensho Smart Mobility ETF | 1.4 | 45 | 11 | 4.1 | -5.7 |
PRN | Invesco DWA Industrials Momentum ETF | 1.4 | 60 | -4 | 4.8 | -5.0 |
AVUV | Avantis U.S. Small Cap Value ETF | 1.4 | 25 | 31 | 6.4 | -3.5 |
QDIV | Global X S&P 500 Quality Dividend ETF | 1.4 | 20 | 36 | 6.5 | -3.3 |
TMDV | ProShares Russell US Dividend Growers ETF | 1.4 | 36 | 20 | 5.2 | -4.6 |
FDVV | Fidelity Core Dividend ETF | 1.4 | 29 | 27 | 6.1 | -3.8 |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 1.4 | 70 | -14 | 7.7 | -2.1 |
VBR | Vanguard Small Cap Value Index Fund | 1.3 | 7 | 49 | 6.4 | -3.4 |
JSML | Janus Henderson Small Cap Growth Alpha ETF | 1.3 | 30 | 26 | 5.9 | -4.0 |
AVEM | Avantis Emerging Markets Equity ETF | 1.3 | 33 | 23 | 7.2 | -2.6 |
IJS | iShares S&P Small-cap 600 Value ETF | 1.3 | 18 | 38 | 6.9 | -2.9 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
VanEck Vectors Steel ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
SPECULATIVE |
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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